nice observation makwa. it's a bit of a long bow but could be right. we certainly don't have much in the way of factual info from ytc to go on!
is glencore also a major shareholder of ironbark?
what was the nature of the glencore financing deal with ironbark? i.e. was ironbark's finance to production funded 100% by debt from Glencore? or was there a simultaneous (discounted?) cap raising from other investors?
wonder when we'll hear something from ytc? i spoke with them at the riu resources conference about 5 weeks ago and they suggested that a "decision" would be made in 6 to 8 weeks ...
YTC Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
